Regulating Cannabis Sales Could Yield Over $17 Billion In Annual Savings And Revenue

Discussion in 'Politics' started by topspin, Sep 30, 2010.

  1. topspin
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    Marijuana Law Reform - NORML

    Regulating Cannabis Sales Could Yield Over $17 Billion In Annual Savings And Revenue, New Study Says
    Wed, 29 Sep 2010 20:30:49 By: Paul Armentano, NORML Deputy Director
    Share This Article Treating marijuana as a legally regulated commodity would yield some $17.4 billion dollars annually in cost savings and new tax revenue, according to an economic report published yesterday by the CATO Institute think tank in Washington, DC.

    The report, entitled “The Budgetary Impact of Ending Drug Prohibition,” estimates that taxing the commercial sale of marijuana in a manner similar to alcohol would generate some $8.7 billion in annual revenue. The report further estimates that abolishing marijuana prohibition would additionally yield approximately $9 billion in annual law enforcement savings. Full text of the entire report is available for download here.

    A previous 2005 study commissioned by NORML estimated that marijuana law enforcement cost taxpayers some $7.6 billion per year.

    A separate California statewide analysis published in 2009 by the state Board of Equalization and Taxation estimated that imposing retail taxes on the commercial sale of cannabis in California would yield approximately $1.4 billion in yearly revenue.

    An op/ed in favor of legalization by the CATO study’s co-author, Jeffrey Miron of Harvard University, appears in today’s Los Angeles Times here.
     
  2. xotoxi
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    xotoxi Platinum Member

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    There would be a definite law enforcement savings, however because of the fact that people can quite easily grow it themselves, there wouldn't be as much tax income as you might think.
     
  3. topspin
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    I'll go with the economist on this one. And compare it to beer and cigs, people can brew and grow thier own. They don't because it's a hassle. Do some brew? Yes will some grow? Yes
    Tax collections will still be in the billions.
     
  4. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    There wouldn't be any Law Enforcement savings because they'll just shift those resources into going after something else. You think any state or federal agency is going to do with less?

    Plus, governments will just throw that money down a rat hole. You dopers are really stupid if you think legalization is gonna solve any problems at all. It'll only make it worse.
     
  5. topspin
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    really cause no local governement are cutting any budgets anywhere. LOL
    looks like the dopers are more astute than the mad clown
     
  6. Mad Scientist
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    I'm certain you'll enjoy your expensive government weed with all the "dangerous thc" removed. It's for the children you know.

    Suckers every one of you.
     
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  7. topspin
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    wow your a clown, the gov is going to remove thc. good one
     
  8. Yurt
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    Yurt Gold Member

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    i've been saying this for over a decade...

    its stupid to keep marijuana illegal....it costs our system BILLIONS to "house" them in prisons, enforce the ridiculous law that has never once stopped the growth of marijuana partakers

    for a nation that utterly failed at prohibition, one wonders why in the hell our politicians are so afraid to legalize marijuana when alcohol has far more damaging effects on our society
     
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  9. Mr. Shaman
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    Yeah.....allowing people to make-their-own is really killin' Budweiser.

    :rolleyes:

    MOST people will settle for buying their "vices" at the corner-store (and pay whatever taxes that result).

    If the laws for marijuana parallel the laws for beer & wine (Grow your own; NO SALES!), everything will work-out, just fine.​
     
  10. Mad Scientist
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    Gubamint said we would save money with National Heathcare too. You DUmmies believed it.

    Now you wanna' believe that legalization will solve the drug problem, it won't. It will only empower gubamint. You dopers have it all backwards.
     

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